In the midst of rising tensions in the Middle East, President Donald Trump took to his social media platform to urge a broad audience to maintain low oil prices. His message, directed at an unspecified group, warned that allowing prices to rise would benefit adversaries. This call came after the U. S. targeted Iran's nuclear sites, raising concerns about potential di...
The world of finance saw a shift on Monday. Stocks in the U. S. climbed, and oil prices dropped. This happened after Israel's recent actions against Iran. The S&P 500 went up by 0. 9%. The Dow Jones Industrial Average rose by 317 points, or 0. 8%. The Nasdaq composite gained 1. 5%. This rise was part of a global trend, with stocks climbing in Asia and Europe as well....
A recent phone call between Vladimir Putin and Donald Trump lasted for 50 minutes. The two leaders discussed the ongoing conflicts in the Middle East and Ukraine. This was the fifth conversation between the two since Trump took office. It was a significant shift from the approach of the previous administration under Joe Biden. Trump shared that Putin had called t...
On Thursday, the S&P 500 reached new heights, climbing by 0. 53% and closing at 6, 118. 71, its highest point ever. The Dow Jones Industrial Average also jumped, gaining 408. 34 points to hit 44, 565. 07. The Nasdaq Composite followed suit, inching up by 0. 22% to 20, 053. 68. This marked the fourth consecutive day of gains for all three major indexes. The surge was...
Ever wondered why oil prices are going up? It's because OPEC+ has decided to hold off on increasing oil production. This group, led by Saudi Arabia and Russia, has voluntarily agreed to cut 2. 2 million barrels of oil per day until March 2025. That's like having a bunch of bakeries deciding to make fewer loaves of bread, so the price of each loaf goes up. But why ar...
You'd think having lots of oil would make a country rich, but that’s not always the case. Some countries with plenty of natural resources have slower economic growth. This is what people call the "resource curse. " Most studies look at rich countries, but what about a place like Yemen, which is new to exporting oil? Let’s dive into that. Researchers looked at data f...
Get ready for some relief at the grocery store! Deoleo, the world’s biggest olive oil producer, is gearing up to slash prices in half. This is great news after a crazy few years where extreme weather led to record-breaking highs. The turnaround is thanks to improving harvests in countries like Spain, Greece, Portugal, and Tunisia. The rain and good weather are really...
Asia's stock markets were mostly on the rise on Monday, buoyed by China's leaders convening for a significant economic conference. This meeting is expected to bring fresh support for the world's second-largest economy, sparking a positive vibe among investors. The OPEC+ nations also announced they would extend production cuts until the end of the year, which triggere...
On Friday, stocks had a great day! The S&P 500 went up by 0.9% to hit 5,751.07, and the Nasdaq Composite did even better with a 1.22% increase to 18,137.85. The Dow Jones Industrial Average also had an amazing day, adding 341.16 points for a new record high of 42,352.75. The jobs report for September was way better than expected! It showed that nonfarm payrolls grew...
The start of October has been marked by a complex web of events that are sending mixed signals to investors. On one hand, the stock market is facing a rough patch, with all three major averages snapping their three-week winning streak. However, on the other hand, new jobs data has shown significant growth, and oil prices have surged due to geopolitical tensions. The...